How much your assets are protected depends on the way you structure the ownership of assets. That is, ensuring they're owned in the right names or entities. The ways in which assets can be owned include companies, trusts, partnerships and superannuation - all of which offer different benefits and tax ramifications.

There are many areas to consider when it comes to Protecting Your Assets. If you are restructuring ownership of assets to remove them from creditors, as under specific bankruptcy and liquidation laws, these transactions can be unwound. You must also be careful when transferring assets between entities - you could be subjecting yourself to additional taxes such as stamp duty and capital gains tax.